National Association For Korean Schools-Northwest Chapter
- Assets
- $157.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lakewood, WA
- Founding
- 11/2001
- Data as of
- 12/2023
- EIN
- 91-2134928
Organization Overview
National Association For Korean Schools-Northwest Chapter is located in Lakewood, WA. The organization was established in 2001. According to its NTEE Classification (Q21) the organization is classified as: International Cultural Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association For Korean Schools-Northwest Chapter is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, National Association For Korean Schools-Northwest Chapter generated $72.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $52.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SPEECH COMPETITION SPELLING BEE SINGING COMPETITION WRITTING COMPETITION ART COMPETITION TEACHERS TRAINING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mi Kyoung Kwon Director | 4 | $0 | |
Hyong Chan An Assistant Director | 3 | $0 | |
Hyo Sun Yune Officer | 3 | $0 | |
Se Chin Yune Secretary | 3 | $0 | |
Sung Jin Web Manager | 3 | $0 | |
Daniel Yoon Legal Advisor | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,081 |
| Total Program Service Revenue | $0 |
| Membership dues | $22,549 |
| Investment income | $2,668 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $38,484 |
| Other Revenue | $0 |
| Total Revenue | $72,782 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $3,600 |
| Printing, publications, postage, and shipping | $3,400 |
| Other expenses | $45,000 |
| Total expenses | $52,000 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $157,624 |
| Other assets | $0 |
| Total assets | $157,624 |
| Total liabilities | $0 |
| Net assets or fund balances | $157,624 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Carpe Diem Foundation Inc Portland, OR | $255,516 | $302,907 |
Lunchtrip Foundation Indianola, WA | $2,283,614 | $0 |
Issaquah Cultural Circle Issaquah, WA | $352 | $0 |
Crooked Trails Seattle, WA | $44,656 | $0 |
Mundo Exchange Inc Portland, OR | $10,713 | $0 |
Little Masters Club Bellevue, WA | $247,540 | $0 |
National Association For Korean Schools-Northwest Chapter Lakewood, WA | $157,624 | $0 |
Tsinghua Gix Institute North America Bellevue, WA | $36,776 | $0 |
International Foster Care Alliance Seattle, WA | $3,132 | $0 |
Sister Cities Council Of Tacoma Pierce County Tacoma, WA | $108,364 | $0 |
Ketchikan-Kanayama Exchange Inc Ketchikan, AK | $27,287 | $0 |
Program For African Leadership Charitable Tr Bellevue, WA | $2,776 | $0 |